Productivity Convergence


Productivity Convergence
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Productivity Convergence


Productivity Convergence
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Author : Edward N. Wolff
language : en
Publisher: Cambridge University Press
Release Date : 2013-12-16

Productivity Convergence written by Edward N. Wolff and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-16 with Business & Economics categories.


This book critically reviews the most significant works that examine the sources of economic growth.



Convergence Of Productivity


Convergence Of Productivity
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Author : William J. Baumol
language : en
Publisher: Oxford University Press
Release Date : 1994-06-30

Convergence Of Productivity written by William J. Baumol and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-06-30 with Business & Economics categories.


This comprehensive study is a collection of original articles that view the current state of knowledge of the convergence hypothesis. The hypothesis asserts that at least since the Second World War, and perhaps for a considerable period before that, the group of industrial countries was growing increasingly homogeneous in terms of levels of productivity, technology and per capita incomes. In addition, there was general catch up toward the leader, with gradual erosion of the gap between the leader country, the U.S., throughout most of the pertinent period, and that of the countries lagging most closely behind it. The book examines patterns displayed by individual industries within countries as well as the aggregate economies, various influences that underlie the process of convergence that seems to have occurred, and the role that convergence has played and promises to play in the future of the newly industrialized nations and the less developed countries. Much of the analysis is set in a historical perspective, with particular attention paid to the record following World War II. The prestigious editors conclude that increasing productivity is the key to rising living standards in a globalized marketplace. Contributors include: Moses Abramovitz, Alice M. Amsden, Magnus Blomstrom, David Dollar, Takashi Hikino, Gregory Ingram, William Lazonick, Frank Lichtenberg, Robert E. Lipsey, Angus Maddison, Gavin Wright, and Mario Zejan.



Convergence Clubs In Labor Productivity And Its Proximate Sources


Convergence Clubs In Labor Productivity And Its Proximate Sources
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Author : Carlos Mendez
language : en
Publisher: Springer Nature
Release Date : 2020-11-05

Convergence Clubs In Labor Productivity And Its Proximate Sources written by Carlos Mendez and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-05 with Business & Economics categories.


Testing for economic convergence across countries has been a central issue in the literature of economic growth and development. This book introduces a modern framework to study the cross-country convergence dynamics in labor productivity and its proximate sources: capital accumulation and aggregate efficiency. In particular, recent convergence dynamics of developed as well as developing countries are evaluated through the lens of a non-linear dynamic factor model and a clustering algorithm for panel data. This framework allows us to examine key economic phenomena such as technological heterogeneity and multiple equilibria. In this context, the book provides a succinct review of the recent club convergence literature, a comparative view of developed and developing countries, and a tutorial on how to implement the club convergence framework in the statistical software Stata.



China S Productivity Convergence And Growth Potential A Stocktaking And Sectoral Approach


China S Productivity Convergence And Growth Potential A Stocktaking And Sectoral Approach
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Author : Min Zhu
language : en
Publisher: International Monetary Fund
Release Date : 2019-11-27

China S Productivity Convergence And Growth Potential A Stocktaking And Sectoral Approach written by Min Zhu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-27 with Business & Economics categories.


China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.



Competitiveness Convergence And International Specialization


Competitiveness Convergence And International Specialization
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Author : David Dollar
language : en
Publisher: MIT Press
Release Date : 1993

Competitiveness Convergence And International Specialization written by David Dollar and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.


Examines the claim that deindustrialization in the US is causing a decline in its competitiveness, especially in view of competition from Germany and Japan. Discusses the relationship between productivity growth in individual industries and the tendency for aggregate productivity levels to converge among OECD countries, and identifies the sources of productivity growth. Looks at the relationship between international trade and productivity convergence in OECD countries and whether the same mechanics of convergence are apparent in developing countries.



Productivity Convergence And Foreign Ownership At The Establishment Level


Productivity Convergence And Foreign Ownership At The Establishment Level
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Author : Rachel Griffith
language : en
Publisher:
Release Date : 2003

Productivity Convergence And Foreign Ownership At The Establishment Level written by Rachel Griffith and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business enterprises, Foreign categories.




Comparing Apples To Oranges


Comparing Apples To Oranges
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Author : Andrew B. Bernard
language : en
Publisher:
Release Date : 1994

Comparing Apples To Oranges written by Andrew B. Bernard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Convergence categories.




Productivity Growth And Convergence In Agriculture And Manufacturing


Productivity Growth And Convergence In Agriculture And Manufacturing
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Author : Will Martin
language : en
Publisher: World Bank Publications
Release Date : 1999

Productivity Growth And Convergence In Agriculture And Manufacturing written by Will Martin and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Agricultural procductivity categories.


The growth of agricultural productivity is widely believed to be low. But this study finds the productivity rate in agriculture to be higher than that in manufacturing, both on average and for groups of countries at different stages of development. This suggests that a large agricultural sector need not be a disadvantage for growth performance, and may be an advantage.



Sectoral Energy And Labour Productivity Convergence


Sectoral Energy And Labour Productivity Convergence
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Author : Peter Mulder
language : en
Publisher:
Release Date : 2003

Sectoral Energy And Labour Productivity Convergence written by Peter Mulder and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Energy conservation categories.




Development Patterns Of Material Productivity


Development Patterns Of Material Productivity
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Author : Larissa Talmon-Gros
language : en
Publisher: Springer Science & Business Media
Release Date : 2014-02-10

Development Patterns Of Material Productivity written by Larissa Talmon-Gros and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-10 with Business & Economics categories.


Increasing concerns regarding the world’s natural resources and sustainability continue to be a major issue for global development. As a result several political initiatives and strategies for green or resource-efficient growth both on national and international levels have been proposed. A core element of these initiatives is the promotion of an increase of resource or material productivity. This dissertation examines material productivity developments in the OECD and BRICS countries between 1980 and 2008. By applying the concept of convergence stemming from economic growth theory to material productivity the analysis provides insights into both aspects: material productivity developments in general as well potentials for accelerated improvements in material productivity which consequently may allow a reduction of material use globally. The results of the convergence analysis underline the importance of policy-making with regard to technology and innovation policy enabling the production of resource-efficient products and services as well as technology transfer and diffusion.